How can a person get a loan for 20,ooo dollars ? I have been to the bank and they say i need something for colateral I have a car but i already have a loan on that i dio not have anything else to use my crdit score is very good Can anyone help?
Answer:
There are "signature loans", where you don't have to put up collateral, but this type of loan would not normally be for the amount you are seeking. These are often offered by credit unions to account holders.
It is extremely unlikely that you will be able to get a $20,000 loan without providing collateral. Why would any lender take the risk? You could go to a loan shark, I guess, but DON'T.
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